My home in Marsden is up for sale and I have a purchaser. Will my property lawyer need to be required to be on the Nottingham conveyancing panel in order to deal with repayment of my mortgage?
Ordinarily, even if your lawyer is not on the Nottingham conveyancing panel they can still act for you on your sale. It might be that the lender will not release the original deeds (if applicable and increasingly irrelevant) until after the mortgage is paid off. You should speak to your lawyer directly before you start the process though to ensure that there is no problem as lenders are changing their conditions fairly frequently in recent years.
A friend advised me that if I am purchasing in Marsden I should ask my conveyancer to carry out a Neighbourhood, Planning and Local Amenity Search. Can you explain what the purpose of this search is?
This is a search is occasionally included in the estimate for your Marsden conveyancing searches. It is not a small document of about 40 pages, listing and setting out important information about Marsden around the property and the people living there. It incorporates an Aerial Photograph, Planning Applications, Land Use, Mobile Phone Masts, Rights of Way, the local Housing Market, Council Tax Banding, the type of People living in the area, the dominant type of Housing, the Average Property Price, Crime details, Marsden Education with maps and statistics, Local Amenities and other useful information regarding Marsden.
Despite weeks of looking the Title Certificate and documents to my property are lost. The solicitors who dealt with the conveyancing in Marsden 10 years ago are no longer around. What are my options?
Gone are the days when you need to have the physical official documentation to prove you own the land or property, given that the Land Registry hold details of all registered land or property electronically.
I am purchasing a new build house in Marsden with a mortgage from Santander. The developers would not reduce the price so I negotiated five thousand pounds worth of extras instead. The house builders rep told me not reveal to my solicitor about this extras as it would impact my mortgage with the lender. Is this normal?.
All lenders require a Disclosure of Incentives Form from the developer of any new build, converted or renovated property, It is available online from the Lenders’ Handbook page on the CML website. CML form is completed and handed to the lender's surveyor when the inspection is done.
Lenders have different policies on incentives. Some accept none at all, cash or physical, while others will accept cash incentives up to 5%.
Hard to understand why the representative of a builder would be suggesting you withold information from a solicitor when all this will be clearly visible on forms the builder has to supply to its solicitor, the buyer's solicitor and the surveyor.
Yesterday I discovered that there is a flying freehold issue on a house I have offered on a fortnight ago in what should have been a quick, no chain conveyancing. Marsden is where the house is located. Can you shed any light on this issue?
Flying freeholds in Marsden are not the norm but are more likely to exist in relation to terraced houses. Even where you use a solicitor outside Marsden you must be sure that your lawyer goes through the deeds very carefully. Your mortgage company may require your conveyancing solicitor to take out an indemnity policy. Some of the more diligent conveyancing solicitors in Marsden may decide that this is not enough and that the deeds be re-written to give you the most up to date legal protection. If so, the next door neighbour also had to sign up to the revised deeds.It is possible that your lender will not accept the situation so the sooner you find out the better. You should also check with your insurance broker as to whether they will insure a flying freehold property.
I have been pointed in your direction by a few property agents in Marsden to find a conveyancer on your site. Is there a financial incentive for Estate Agents to market your services ahead of alternative conveyancing organisations?
We refuse to make any financial incentive for directing people to this site. We thought it would be too underhand a fee because members of the public would think, ‘How come the agent getting a kickback? Why am I not getting any benefit too?’ So we decided to step away from that.